Hona hemen Fed-i buruzko argitasun batzuk[1]:
a) Zergak pagatzeko eta Altxor Publikoko tituluak erosteko fondoak gobernuaren gastuetatik /maileguz ematetik datoz.
“The way I say it is the funds to pay taxes and buy tsy secs come from govt spending/lending.
b) Lehendabizi gobernuak gastatzen du, eta gero zergak ‘biltzen’ ditu eta ‘maileguz hartu’.
That is, govt is best thought of as spending first, then ‘collecting’ taxes and ‘borrowing.’
c) Gobernuak ‘ez du dirurik jaulkitzen eta gero gastatu‘, oro har berak Fed-i agindua ematen dio kidea den banku baten kontua kreditatzera.
And, as a minor correction, govt doesn’t ‘issue money, then spending it’ but in general just instructs the Fed to credit a member bank account.”
Gehigarria:
Bill Mitchell-ek dioenez[2],
1) “… I do not consider there to be a public debt problem in the US…”
2) “… even within the voluntarily-constrained system that regulates the relationship between the US treasury and the central bank, the latter can still effectively buy as much US government debt as it likes.”
